The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.

The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.

Household Debt and Credit Conditions

The Quarterly Report on Household Debt and Credit takes advantage of the FRBNY Consumer Credit Panel, a unique longitudinal data set, to capture trends in borrowing and indebtedness of U.S. consumers. Reports are available from 2010 through the present.

The latest Quarterly Report on Household Debt and Credit showed the first substantial increase in outstanding balances since 2008, when Americans began reducing their debts. The bloggers shed light on the report’s findings.

The bloggers describe the New York Fed’s 2Q13 Quarterly Report on Household Debt and Credit as well as provide additional analysis on auto loans, whose balances have increased with the economic recovery.

While highly skilled young workers have provided a vital influx of new, affluent consumers to U.S. housing and auto markets, unprecedented student debt may dampen their influence in today’s marketplace.